-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessFlatter On Tuesday, Cash Closed Until London
TYZ2 operates a touch above Tuesday’s late levels, but shy of the NY session top, last +0-01 at 112-20+. A reminder that today’s Japanese holiday means that cash Tsys are closed until London hours.
- Tsys firmed on Tuesday, with the major benchmarks running 2-7bp richer at the bell, as the curve bull flattened, allowing the 2-/10-Year yield spread to register another fresh extreme when it comes to the level of inversion witnessed.
- An increase in COVID-related restrictions across some of the major Chinese cities would have aided the flattening momentum.
- Elsewhere, receiver side flow in swaps seemed to aid the richening.
- A wide tail (coupled with a cover ratio that fell further below the recent average as dealer takedown moved further above its own recent average) for the latest 7-Year Tsy auction limited the bid in the immediate aftermath of that particularly offering, before fresh demand became apparent into the close.
- Looking ahead, the latest RBNZ monetary policy decision headlines the Asia-Pac docket on Wednesday.
- Further out, the minutes from the latest FOMC decision headline the pre-Thanksgiving NY docket. We will also get flash PMI data, durable goods, new home sales, MBA mortgage applications, weekly jobless claims and the final UoM survey for Nov.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.